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S&P upgrades Serbia
S&P said it upgraded the long-term sovereign credit rating Serbia to BB+ on its resilient macroeconomic fundamentals.
The short-term rating was affirmed at B.
The outlook is positive.
“Serbia's GDP is set to expand by 3.6% in 2019 and almost 4% in 2020,” the agency said in a news release.
“Fiscal discipline will keep public debt contained, whereas monetary accommodation abroad and at home will help improve its profile.”
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